H.R. 420 (105th): Enterprise Capital Formation Act of 1997


Jan 9, 1997
105th Congress, 1997–1998

Died in a previous Congress

This bill was introduced on January 9, 1997, in a previous session of Congress, but was not enacted.


Robert Matsui

Representative for California's 5th congressional district



Read Text »
Last Updated: Jan 9, 1994
Length: 11 pages

About the bill

Full Title

To amend the Internal Revenue Code of 1986 to modify the exclusion of gain on certain small business stock and to allow nonrecognition on gain from the sale of such stock if other small business stock is purchased.

Summary (CRS)

1/9/1997--Introduced.Enterprise Capital Formation Act of 1997 - Amends the Internal Revenue Code to increase from 50 to 75 percent the exclusion from gain for a taxpayer (currently, excludes corporations) resulting ... Read more >

The bill’s title was written by its sponsor.


Jan 9, 1994
Text Published

Updated bill text was published as of Introduced.

Jan 9, 1997

This is the first step in the legislative process.

This is a House of Representatives bill in the United States Congress (indicated by the “H.R.” in “H.R. 420”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.


17 cosponsors (12D, 5R) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.


There have been no roll call votes related to this bill.

Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 1918 (104th) was a previous version of this bill.

Referred to Committee
Last Action: Jun 22, 1995

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Primary Source

THOMAS.gov (The Library of Congress)

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